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Part 1: Banking Timeline
A) Make an original timeline of American banking history. The timeline must include color and/or pictures. Include a minimum of 10 entries and a title.
B) Choose one entry you believe is the most important and state why you think it is. Your explanation must be a minimum of one paragraph.
Part 2: Money Test
A) Choose two items, using a chart, test their ability to be used as money. Choose one item you believe would be a good choice and one item you believe would be a poor choice. Use the three functions and four characteristics of money in your analysis.
B) Which item would be the best to use as money and why? Your explanation must be a minimum of one paragraph
An example of adverse selection is. The price a perfectly competitive firm receives for its output
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